News and Information from Bond Buyer

The rating upgrade reflects “sustained reduction in its long-term liability burden and Fitch's expectations of a stable burden going forward."

A first-time home buyer program would be fueled by a huge bond component, if Sen. Robert Hertzberg gets lawmakers to put it on the ballot and voters approve it.

The county said the increase in shipping volume at the port didn’t cause any congestion for boats or delays in product shipments.

Eric Adams must deal with the COVID-19 pandemic's lingering effects, which include new remote-work patterns that may affect tax revenue and real estate values.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The board's 8th debt restructuring plan improves funding for a pension trust as well as eliminating cuts to benefits for current retirees, just ahead of the confirmation hearing that begins Monday.

For 35 weeks in a row, investors have put cash into municipal bond funds as Refinitiv Lipper reported $603 million of inflows while high-yield funds eked out a gain of slightly more than $1 million.

The outlook revisions boosts a city with some $8 billion in borrowing in the works, including more than $1 billion before the end of this year.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

While the economy is stronger than a year ago, it is still down from two years ago.

After the FOMC made taper official, high-grade benchmark yields ended the day one to three basis points better while USTs ended the day higher after an up-and-down trading session that moved the 30-year back above 2%.

The biggest bond measure in the nation Tuesday appears to have passed narrowly, but Texas voters took a negative view of several big bond proposals.

A federal judge signed off on sanctions against IFS Securities Inc.'s former head trader for allegedly pocketing phony commissions and unauthorized trades that bankrupted the firm.

Alaska Senate leaders chose not to act on the Gov. Mike Dunleavy's push to pay immediate dividends to taxpayers.

A study by the Reason Foundation attempts to solve the problem of paying both tolls and fuel taxes on the same highway and offers a blueprint for how states can allocate toll revenue.

Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.

Fitch Ratings revised the Canaveral Port Authority and Port Everglades rating outlooks to stable from negative as cruise ship activity accelerates.

New York City got a new mayor, comptroller and City Council while Boston and Pittsburgh elected mayors. In New Jersey, final results in the gubernatorial election were still too close to call.

Voters in Virginia also decided the fate of several large bond referendums while Atlanta voters will see a mayoral runoff at the end of the month.